Hoegh LNG Partners LP (HMLP) Announces Quarterly Dividend of $0.43

Hoegh LNG Partners LP (NYSE:HMLP) announced a quarterly dividend on Monday, January 22nd, Wall Street Journal reports. Stockholders of record on Thursday, February 1st will be given a dividend of 0.43 per share by the shipping company on Wednesday, February 14th. This represents a $1.72 annualized dividend and a dividend yield of 8.82%. The ex-dividend date is Wednesday, January 31st.

Hoegh LNG Partners has raised its dividend payment by an average of 110.2% annually over the last three years and has increased its dividend every year for the last 2 years. Hoegh LNG Partners has a dividend payout ratio of 148.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Hoegh LNG Partners to earn $1.45 per share next year, which means the company may not be able to cover its $1.72 annual dividend with an expected future payout ratio of 118.6%.

Hoegh LNG Partners (NYSE HMLP) traded up $0.25 during mid-day trading on Monday, hitting $19.50. 120,641 shares of the stock traded hands, compared to its average volume of 104,882. The stock has a market cap of $641.96, a price-to-earnings ratio of 10.16, a PEG ratio of 0.70 and a beta of 0.93. The company has a current ratio of 0.64, a quick ratio of 0.63 and a debt-to-equity ratio of 1.01. Hoegh LNG Partners has a 1 year low of $16.90 and a 1 year high of $20.65.

Hoegh LNG Partners (NYSE:HMLP) last released its quarterly earnings results on Thursday, November 16th. The shipping company reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.28). Hoegh LNG Partners had a net margin of 38.90% and a return on equity of 7.77%. sell-side analysts forecast that Hoegh LNG Partners will post 1.16 EPS for the current fiscal year.

Several analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Hoegh LNG Partners from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 24th. ValuEngine upgraded shares of Hoegh LNG Partners from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, BidaskClub downgraded shares of Hoegh LNG Partners from a “sell” rating to a “strong sell” rating in a report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $21.50.

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About Hoegh LNG Partners

Hoegh LNG Partners LP owns, operates and acquires floating storage and regasification units (FSRUs), liquefied natural gas (LNG) carriers and other LNG infrastructure assets under long-term charters. The Company’s segments include Majority held FSRUs, Joint venture FSRUs and other. The Majority held FSRUs segment includes the direct financing lease related to the PT Perusahaan Gas Negara (Persero) Tbk (PGN) FSRU Lampung and the operating lease related to the Hoegh Gallant.

Dividend History for Hoegh LNG Partners (NYSE:HMLP)

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